BAVIS_1170x120_10-22-20

Amazon founder and CEO Jeff Bezos

Amazon posts strong Q4 sales gains

Amazon posts strong Q4 sales gains

SEATTLE — Amazon shares rose in after-hours trading Thursday after the company reported fourth quarter results that topped analysts’ expectations. The company reported earnings per share of $6.47 for the quarter, easily beating forecasts of $4.04 per share. Net sales increased 21% to $87.4 billion in the fourth quarter. Net income grew to $3.3 billion

Amazon to raise Prime subscription fees by 20%

Amazon to raise Prime subscription fees by 20%

SEATTLE — Amazon.com Inc. said Thursday that it would raise the annual subscription fee for its Prime members in the U.S. to $119 from $99, an increase of 20%. The announcement came as Amazon reported strong sales and earnings gains for the first quarter ended March 31. “We continue to increase the value of Prime,